The service is free and it only requires having Telegram on a mobile phone. Both buyers and sellers of bitcoin can consolidate trades more easily thanks to PaxBot.

Paxful, a platform that enhances and permits an easier way to consolidate the purchase and sale of bitcoin (BTC) between people, incorporated PaxBot. This service allows, through the Telegram messaging application, to find offers faster and easier.

“Hello! I’m PaxBot and I’m here to help you find the best deals on Paxful ”, says the welcome message in the chat accessed after typing PaxBot in the Telegram search bar. After your friendly introduction, the bot asks, “Would you like to browse existing offers or subscribe to be notified when new offers are available?”

Subsequently, the program gives the user the chance to pick if he wants to buy or sell bitcoins, what is the fiat currency that he will use for the operation, and what will be the payment or collection method that he will use. Once the system gets the data, PaxBot displays links to open offers matching the user’s requirements.

The objective of this, according to the developer team, is “to search for offers an easier and more fun part.” “If there are no suitable offers according to your criteria, you can subscribe to receive a notification”, they indicate. In this way, the user will be able to know in real-time when a new offer appropriate to their preferences is available.

How to take advantage of bitcoin offers that the Paxful bot displays

Anyone who has Telegram on their mobile device can view the offers that PaxBot shows. But, to take advantage of them, the interested party must be registered in Paxful.

The procedure to do so is simple. For transactions up to USD 10,000, simply verify an email address and a phone number. If this limit exceeds, the bot will request other information.

The forms of payment available on this platform vary depending on the country in which buyers and sellers are located. Gift cards, bank transfers, debit or credit cards, PayPal, Western Union, and even payments with cash are available, there are even other useful methods.

The reputation of operators on Paxful can be seen when entering an offer. Thus, the user, before executing a transaction, knows how many positive and negative comments his counterpart has in this buying and selling market.

An advantage of Paxful over other bitcoin p2p (peer-to-peer) trading platforms is that its interface is available entirely in Spanish. With representatives in Latin America, they provide support in this language if there is a problem to solve or a question to answer.

Among Paxful’s innovations during 2020 are the incorporation of Tether (USDT) and Dollar on Chain (DoC). Both tokens maintain parity in their price with the US dollar. With these stablecoins, the user can stay out of the volatility of bitcoin and also protect himself from the devaluation of many Latin American currencies.

By: Jenson Nuñez.

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